Business
8jvns8
2016-09-26 02:03:39
How do you find marginal cost?
ANSWERS
vanderranger
2016-09-26 03:54:19

Marginal cost is the increase or decrease in total production cost if output is increased by one more unit. The formula to obtain the marginal cost is change in costs/change in quantity. If the price you charge per unit is greater than the marginal cost of producing one more unit, then you should produce that unit.

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